Bolivia Says EBX Out Of Bidding

Bolivia has said that Brazilian company EBX, which it ordered to leave the country last week, will no longer be able to bid for mining rights to develop the El Mutun field in the southeast of Bolivia. Last week, the government said that EBX had set up an illegal pig iron operation on the border with Brazil; this has now led to the decision to disqualify the company from participating in the $1 billion El Mutun iron ore project. The remaining four bidders include a joint venture between Argentina’s Siderar SAIC and Techint Argentina.